7. What type of shares of a corporation is considered debt rather than equity? a. Type B sorupgon shares b. Convertible preferred shares c. Preferred shares redeemable at shareholder option d. Nons of the above. 8. The par value of common shares: a. It is an arbitrary figure established by the corporation b. It is a measure of the market value of the shares c. It is established by GAAP d. Es establecido por la Securitics and Exchange Cofunission. 9. Wben common shares are issued to purchase land, the land shall be recorded on the books for an anotut representing: a. The par value of the iasued shares b. The value of the land on the seller' books c. The market value of the shares isused d) "B? or " C ", at managenicnt's choice 10. Costs incurred to issuc coiumon whares: a. They are pouted as an cxpente b. They are amortized at expense over a period of five yeas e. They are presented in a Putrumony aceount with debit batance d. They are subtracted from the "Paid-in capital when the isiuace of the shares is aceounted for